CKB

Cheques

  • Elimination of risks related to the use of cash in payment operations
  • Transferability of the instrument facilitates payments
  • Efficient way to collect receivables

Product description

Cheque represents a transferrable payment instrument by which a financial institution i.e. a bank is ordered to pay out a certain monetary amount (in specified currency) against depositor account with the bank that issued the cheque.

CKB is not issuing cheques but is converting the presented checks into cash.

Cheques may be paid through Standard Payment or Cheque Collection (inkasso procedure. In the Standard Payment procedure, the Bank will pay out the cheque amount to the bearer upon receiving the instrument. In the Cheque Collection (inkasso procedure, the Bank will first cover itself from the issuing bank and then pay to the cheque bearer.

Product price

  • Standard Payment 3% of the cheque amount
  • Cheque Collection (Inkasso 3% of the cheque amount)

How to use a cheque?

It is necessary to bring a cheque to any of the Bank branches and responsible employee will explain how to cash it.